Financial Instruments

3 Months Ended

Mar. 31, 2026

Cash and Cash Equivalents [Abstract]

Financial Instruments

Financial Instruments

Cash, Cash Equivalents, and Restricted Cash

The carrying values of cash, cash equivalents, and restricted cash approximate fair values and were as follows (in thousands):

	March 31,		December 31,
	2026		2025
As Held:
Cash	$	87,285	$	94,997
Money market funds	2,430,999		2,386,583
	$	2,518,284	$	2,481,580
As Reported:
Cash and cash equivalents	$	2,491,433	$	2,454,108
Restricted cash	26,851		27,472
	$	2,518,284	$	2,481,580

Restricted cash consisted of the following (in thousands):

	March 31,		December 31,
	2026		2025
Restricted cash, current	$	1,251	$	1,973
Restricted cash, non-current	25,600		25,499
	$	26,851	$	27,472